The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $80,000; allowance for uncollectible accounts at the beginning of the year, $4,000 (credit balance); credit sales during the year, $100,000; accounts receivable written off during the year, $5,000 (Note: Entry has not yet been booked); cash collections from customers can be found in your T-Accts. Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable.

Sarwens $120.000 12.000 100,000 50 000 COGS 250.000 Sales 15.000 250.000 Depreciation Eponge Accounts Receivable 17000 Accumulated Depreciation 30.000 Interest Expens Supplies Expense Long-Term Debt $100.000 50,000 Supplies 20,000 7000 150,000 Rent Expense Retained Earnings $44,000 Inventory 300.000